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Industry Profiles :: Construction Industry Construction Industry As one of the largest employers in the state, the construction industry in Alaska expects continued growth in the coming year. For a variety of reasons, commercial construction in Alaska tends to dwarf residential construction and is balanced between the public and private sectors. In 2003 the State of Alaska expects to undertake $500 million in transportation projects including work on the Caribou Creek Bridge and reconstruction projects on the Parks Highway at Wasilla, the Seward Highway at Seward, and upgrades of C Street in Anchorage. In addition voters approved major road and building projects across the entire state. Due to the importance of air travel in Alaska, upgrades will continue at many of the airports throughout the state. FAA funding will contribute almost $150 million to statewide airport construction and rehabilitation projects. In addition the expansion of the “C” concourse at the Ted Stevens International Airport in Anchorage will dominate activity there. Owing to Alaska's strategic location, defense spending will continue to remain at a high level. The Army Corp of Engineers anticipates approximately $263 million in new construction in addition to the estimated $100 million for continuing work on the missile defense system and the ongoing Basset Hospital at Fort Wainwright. The private sector will continue to be dominated by investments on the North Slope by the oil industry. BP and Phillips Petroleum anticipate a combined capital budget of approximately $1.2 billion. Other private sector companies will expand their Alaskan bases as Wal-Mart and Home Depot open additional stores in the state. Key Contacts: Richard "Dick" Cattanach, Executive Director 8005 Schoon Street Anchorage, AK 99518 Tel: (907) 561-5354 Fax: (907) 562-6118 Email: dick@agcak.org Webpage www.alaska.agc.org Top of Page Juneau Headquarters: 217 Second Street, Suite 201, Juneau, AK 99801 Phone: 907.586.2323, Fax: 907.463.5515, Email: info@alaskachamber.com Anchorage Office: 601 W. 5th Avenue, Suite 700, Anchorage, AK 99501 Phone: 907.278.2722, Fax: 907.278.6643 Copyright © 2003 - Present. The Alaska State Chamber of Commerce, all rights reserved. Designed by WebWeavers Technology Group LLC™ |
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